IBOV 185,629.04 ▼ 0.93% IPSA 11,370.36 ▼ 0.39% IPC MEX 64,814.97 ▼ 0.39% MERVAL 3,110,163 — 0.00% COLCAP 2,584.02 ▲ 0.57% BVL PERÚ 60,246.14 ▲ 0.76% USD/BRL5.11— 0.00% USD/MXN16.92▲ 0.12% USD/CLP931.52▲ 0.42% USD/COP3,100▼ 0.54% USD/PEN3.35▼ 0.19% USD/ARS1,514▲ 0.12% USD/UYU40.22▲ 3.03% USD/PYG5,869▲ 1.64% USD/BOB12.58▲ 3.76% USD/DOP58.63▲ 2.14% USD/CRC448.95▲ 2.03% USD/GTQ7.63▲ 3.05% USD/HNL26.84▲ 3.17% USD/NIO36.62▲ 0.34% USD/VES825.67▲ 0.80% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.70▲ 1.87% EUR/BRL5.94▲ 0.55% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,629.04 ▼ 0.93% IPSA 11,370.36 ▼ 0.39% IPC MEX 64,814.97 ▼ 0.39% MERVAL 3,110,163 — 0.00% COLCAP 2,584.02 ▲ 0.57% BVL PERÚ 60,246.14 ▲ 0.76% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Guatemala’s Ex-President Giammattei Faces Corruption Charges

By · November 5, 2024 · 2 min read

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On November 4, 2024, Guatemala’s government announced plans to charge former President Alejandro Giammattei with corruption. This move marks a crucial moment in the country’s fight against political misconduct.

Giammattei, who led Guatemala from 2020 to 2024, faces accusations of abuse of authority and influence peddling. The charges stem from his appointment of Melvin Quijivix Vega to a key government position. Quijivix allegedly received a substantial salary without performing any actual work.

The case, known as “Red Q,” centers on the misuse of public funds at the National Electrification Institute (INDE). Quijivix’s appointment to SEGEPLAN, a planning agency, reportedly served as a gateway to INDE. There, he allegedly engaged in corrupt activities and nepotism.

Financial records show Quijivix pocketed around $105,000 in salaries and benefits over two years. This money came from taxpayers for a job he never truly performed. The revelation has sparked outrage among Guatemalans struggling with economic hardships.

Guatemala's Ex-President Giammattei Faces Corruption Charges.
Guatemala’s Ex-President Giammattei Faces Corruption Charges.
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The United States sanctioned Quijivix in July 2023, banning him from entering the country. This action highlighted international concern over corruption in Guatemala.

Currently, Giammattei enjoys immunity as a deputy in the Central American Parliament until 2028. However, the current government seeks to lift this immunity to allow prosecution.

President Bernardo Arévalo, who took office in January 2024, campaigned on an anti-corruption platform. His administration has already presented over 50 corruption cases from previous governments.

Guatemala’s Ex-President Giammattei Faces Corruption Charges

The pursuit of charges against a former president tests the strength of Guatemala’s democratic institutions and the rule of law. Critics argue that such prosecutions can become political witch hunts. Supporters see it as a necessary step towards accountability and transparency in government.

As the legal process unfolds, Guatemalans watch closely, hoping for a fair and transparent investigation. The outcome will either strengthen or weaken their faith in the country’s institutions.

International observers also monitor the situation with interest. Guatemala’s handling of this high-profile case may influence foreign relations and investment. It could also impact regional efforts to combat corruption.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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